Ferro-Alloy Resources (LON:FAR) Stock Price Down 1.9% – Should You Sell?

by · The Cerbat Gem

Ferro-Alloy Resources Limited (LON:FAR – Get Free Report) traded down 1.9% during mid-day trading on Thursday . The company traded as low as GBX 2.56 ($0.03) and last traded at GBX 2.60 ($0.03). 1,757,578 shares were traded during trading, an increase of 315% from the average session volume of 423,786 shares. The stock had previously closed at GBX 2.65 ($0.03).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “house stock” rating on shares of Ferro-Alloy Resources in a research report on Thursday, September 26th.

Get Our Latest Analysis on Ferro-Alloy Resources

Ferro-Alloy Resources Stock Performance

The company has a market capitalization of £12.56 million, a PE ratio of -259.90 and a beta of 0.79. The business’s 50-day moving average is GBX 4.79 and its 200-day moving average is GBX 5.44. The company has a debt-to-equity ratio of 226.87, a quick ratio of 0.45 and a current ratio of 1.98.

Ferro-Alloy Resources Company Profile

(Get Free Report)

Ferro-Alloy Resources Limited engages in mining, processing, and selling vanadium and related by-products in the Republic of Kazakhstan. The company explores for uranium, molybdenum, aluminum, rare earth metals, potassium, nickel, and carbon deposits. It primarily holds an interest in the Balasausqandiq vanadium/polymetallic mineral deposit located in southern Kazakhstan.

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